National News

Female Firefighters Turn to Courts to Fight Gender Discrimination

WINSTON-SALEM, N.C. (AP) — The highest ranking female firefighter in Asheville, North Carolina, says she was repeatedly discriminated against because of her sex and fought to keep her job while battling breast cancer. The first female chief of a municipal …

Ryan Specialty Group Prepares for IPO

Specialty insurance broker Ryan Specialty Group has filed a proposal with the Securities and Exchange Commission for an initial public offering (IPO). The number of shares of Class A common stock to be offered and the price range for the …

Purdue Pharma Bankruptcy Plan Proposes Public Trusts to Settle Opioid Lawsuits

Purdue Pharma LP filed a bankruptcy plan on Monday that would resolve thousands of opioid lawsuits by restructuring the OxyContin maker into an entity that would steer profits to plaintiffs and require the company’s Sackler family owners to contribute nearly …

Oliver Wyman Predicts COVID Herd Immunity for U.S. by Mid-Summer

The U.S. will reach herd immunity threshold when more than 71% of the U.S. population has been exposed to COVID or effectively vaccinated against it, most likely by mid-summer, says a management consultant firm that has been tracking COVID cases. …

Marsh & McLennan Drops &

In what the company acknowledges is a small branding change, professional services and insurance firm Marsh & McLennan has dropped the ampersand to become Marsh McLennan. The company says the change is meant to emphasize that Marsh McLennan is a …

Some States Still Weigh Mandating Business Interruption Coverage

Since about a year ago when their business constituents began complaining that their insurance companies were telling them their policies do not cover their losses from the pandemic, lawmakers in a number of states have responded by filing legislation to …

Berkshire Hathaway Opposes Climate Change, Diversity Reporting Proposals

Warren Buffett’s Berkshire Hathaway Inc. on Monday urged the rejection of shareholder proposals that annual reports be produced about its efforts to address climate change and promote diversity and inclusion. The proposals were disclosed in Berkshire’s annual proxy filing, ahead …

Ride-Hailing Firms Uber, Lyft to Share Background Data on Deactivated Drivers

Uber Technologies Inc. and Lyft Inc. have created a program to share information about drivers and delivery people deactivated from their platforms for the most serious offenses, furthering a safety push by ride-hailing companies. The Industry Sharing Safety Initiative will …

Surveillance Camera Hack Exposes Hospitals, Businesses, Schools

Hackers aiming to call attention to the dangers of mass surveillance say they were able to peer into hospitals, schools, factories, jails and corporate offices after they broke into the systems of a security-camera startup. That California startup, Verkada, said …

A U.S. Storm that Will Break Insurance Records – and Other February Storms, Quakes

February saw a spate of winter storms in the United States, including the period from Feb. 12-20, which will become the U.S. insurance industry’s costliest winter weather peril on record, according to insurance broker Aon plc in its monthly Global …

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